The Changing Composition Of SEC Enforcement Actions

Law360, New York (February 21, 2013, 1:17 PM EST) -- Recently released statistics by the U.S. Securities and Exchange Commission show five straight years of decline in SEC financial fraud investigations. From 2003 through 2007, more than 30 percent of the commission’s total enforcement actions involved financial fraud. Then the five-year decline began, dropping to 11 percent last year.

At the same time, the SEC has significantly increased its enforcement actions involving SEC regulated entities, such as broker-dealers, mutual funds and investment advisers. Last year, 38 percent of the SEC’s enforcement matters involved regulated entities, the...
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